A company sets different prices for a particular DVD system in eight different regions of the country.
Question:
a. Graph these data, and estimate the linear regression of sales on price.
b. What effect would you expect a $50 increase in price to have on sales?
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Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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